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Andritz: Report by the Executive Board and the Supervisory Board on the Stock Option Program for 2018
Press Wire ♦
Published: March 26, 2018; 09:08 ♦ (Vindobona)
By resolution of the Annual General Meeting of ANDRITZ AG on March 23, 2018, the company's Executive Board was authorized to purchase treasury shares in accordance with the provisions of the Austrian Stock Corporation Act (AktG) and to possibly cancel these company shares with approval from the Supervisory Board without having to submit the matter to the Annual General Meeting of Shareholders again.
Andritz: Report by the Executive Board and the Supervisory Board on the Stock Option Program for 2018 / Picture: © Andritz
The proportion of shares to be purchased or which have already been purchased under previous authorizations must not exceed 10 percent of the company's total shares. The lowest price per no-par value share must not be less than the respective amount represented by each share in the capital stock. The highest price paid per share upon buy-back must not exceed the average, unweighted…
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